After opening on a higher note, Indian benchmark indices extended their upward momentum throughout the session, ending the session in green.

The BSE and the NSE benchmark indices settled on a positive note amid upbeat investor sentiment after a US federal court blocked President Donald Trump's "Liberation Day" tariff on Thursday.

At the closing bell, the BSE Sensex  closed higher by 320 points (up 0.4%)

Meanwhile, the NSE Nifty closed points 82 higher (up 0.3%)

IndusInd Bank, Adani Port, and Sun Pharma are among the top gainers today

Baja Finance, Nestle, and SBI, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  24,945, lower by 208 points at the time of writing.

The BSE MidCap index ended 0.5% higher, and the BSE SmallCap index ended 0.4% higher.

Baring the FMCG sector, all other sectoral indices were trading positively today,y with stocks in the media sector and metal sector witnessing buying.

The rupee is trading at Rs 85.4 against the US$.

Gold prices for the latest contract on MCX are trading 0.5% lower at Rs 94,825 per 10 grams.

Meanwhile, silver prices were trading 0.8% higher at Rs 97,989 per 1 kg.
 

What's Behind the Surge in GRSE Shares

In the news from defence sector, Garden Reach Shipbuilders & Engineers (GRSE) surged 5% to Rs 3,031 due to positive business outlook.

The share price has jumped 71% in just three weeks after the strong Q4 results. Revenue rose 62% to Rs 16.4 billion (bn), EBITDA increasing 101% to Rs 3.4 bn, driven by physical performance and efficient treasury management.

GRSE won a Rs 250 bn order from the Indian Navy build 5 Next Generation Corvettes (NGC) ships after being declared the lowest bidder in a Ministry of Defence meeting on 21 May 2025.

As of 31 March 2025, GRSE's order book was Rs 226.5 bn. Despite earning nearly Rs 50 bn, the order book remained steady at Rs 226.8 bn.

GRSE's order book consist of 9 projects with 40 platforms, including 16 warships for the Indian Navy, 3 P-17 Alpha Frigates, 7 Anti-Submarines Shallow Watercraft, 2 Survey Vessel Large and 4 Next Generation Offshore Patrol Vessel.

GRSE is a defence shipbuilding company under the Ministry of Defence, based of Kolkata. It built advanced warship and vessels for the Indian Navy and Coast Guard, supporting India's maritime security.

GRSE not only build warships but also constructs commercial vessels, showcasing its versatility.

Cummins India Shares Jumped After Q4 Results

Moving on to the news from engineering sector, shares of Cummin India surged 7% after the company announced its Q4 results.

The company reported its Q4 results with a net profit of Rs 5.3 bn down 2% from Rs 5.4 bn last year. Revenue grew 6.5% to Rs 24.7 bn from Rs 23.2 bn.

Cummins India Managing Director said that company achieved a milestone of Rs 100 bn in annual revenue while maintaining profit margins. Also, despite some easing of geopolitical tension, global trade policies still pose uncertainty for the economy in the near future.

The company will focus ion disciplined and profitable growth, leveraging its strong brand, advanced technology and superior products. With solid finances and manufacturing capabilities, it's poised for sustainable growth and well equipped to seize opportunities added the MD.

Cumin India Ltd is a leading power solutions provider with a strong manufacturing base and wide distribution network. The company operates in power generation, aftermarkets and export business, serving customers through 5 modern manufacturing plants over 480 touchpoints.
 

Insecticides India Q4 Profit Jumps 85%

Moving on to the news from agriculture sector, shares of Insecticides India jumped 8% to Rs 895 per share after the company reported its Q4 results.

Q4FY25 profit rose 85% to Rs 0.1 bn compared to Rs 0.07 bn in the same quarter previous year.

Revenue from the operation surged 32% year-on-year to Rs 3.6 bn in Q4FY25, from Rs 2.7 bn in the same period last year.

The company's EBITDA surged 226% to Rs 0.3 bn from Rs 0.1 bn last year. EBITDA margin expanded to 7.9% from 3.2% last year.

Insecticides India has launched 11 new products in FY25, including ones with the latest generation technologies. The company also acquired Kaeros Research Pvt Ltd to boost supply chain resilience, reduce cost and improve sourcing capabilities.

Insecticides India makes agrochemical, biologicals and household products for India and exports to over 30 countries, serving more than 100 customers with cover of 75 registrations.

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